Andretti Acquisition Corp. II (NASDAQ: POLE) is a blank-check special purpose acquisition company incorporated in 2024 that seeks to complete a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. The company raised proceeds through an initial public offering and a concurrent private placement, depositing a total of $231,150,000 into a Trust Account maintained by Continental as trustee. The company's management team is led by Executive Chairman William J. Sandbrook and Chief Executive Officer William M. Brown, with Michael M. Andretti serving as special advisor and board member and Mario Andretti serving as advisor. The sponsor is Andretti Sponsor II LLC. As of December 31, 2025, the company had not completed a business combination. A previously announced combination with StoreDot was terminated on February 17, 2026, and the company was seeking alternative targets as of the 10-K filing dated March 24, 2026.

Revenue model

The company generates no operating revenue. Income is limited to interest earned on marketable securities held in the Trust Account. Operating costs are funded through proceeds held outside the Trust Account and related-party promissory notes.

Products and services

Public Units consisting of one Class A Ordinary Share and one-half of one Public Warrant, sold in the IPO. Private Placement Units sold to the Sponsor and BTIG at $10.00 per unit, generating $7,600,000 in gross proceeds (760,000 units total: 450,000 to Sponsor, 310,000 to BTIG), per the 10-K filed 2026-03-24.

Customers and end markets

Public shareholders who purchased Class A Ordinary Shares in the IPO. Goldman Parties held 1,739,089 Class A Ordinary Shares representing approximately 7.32% of that class as of the filing. No operating customers or end markets exist, as the company has no commercial operations.

Value-chain role

SPAC sponsor vehicle structured to identify, negotiate, and close a business combination with a private operating company, providing a public market listing pathway for the target.

Source: SEC 10-K, filed 2026-03-24

Industry: Blank Checks